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272 West Main Street

Bound Brook NJ 08805

5
2
4.22 ac.
Multi-Family
Currently for sale - view listing

Overview

Two-family house set on a beautiful 4.22-acre property. The first-floor unit (left side) features 2 bedrooms, 1 full bathroom, living room, laundry nook, and an eat-in kitchen with access to a deck overlooking the backyard. The second-floor unit (right side) offers 3 bedrooms, a finished walk-up attic, 1 full bathroom, laundry nook, and an eat-in kitchen. Unfinished basement and separate utilities. Ample parking located behind the house. An outbuilding on the property, formerly a milk house, is currently used for storage. Both units are currently rented, with both tenants on month-to-month leases. The property will be conveyed with tenants in place; seller will not deliver the property vacant at closing. Seller is willing however, to give the first floor tenant the required 30 days notice one week prior to closing. Current rents are below market value due to long-term tenants. The next owner can raise rents closer to market rates and increase overall returns. As per Bound Brook's Zoning Map, the house is in zone R-4 and the property is in zone OS-C. Subdivision might not be possible. Buyers are to conduct their own due diligence before submitting an offer.

Features

5 bedrooms
2 bathrooms
4.22 ac. lot size
Multi-Family

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Local market activity for 5 bedroom multi families in Bound Brook

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